Photo by Anamul Rezwan on Pexels.com
India’s steel industry, the world’s second-largest, faces a looming threat as the EU ramps up carbon regulations with the Carbon Border Adjustment Mechanism (CBAM) starting in 2025, fully effective by 2034. With 25% of its steel exports destined for Europe, India risks steep penalties—up to $397 per tonne by 2034—due to its carbon-intensive production, per Rystad Energy.
This could erode its market edge, favoring competitors like South Korea and Turkey. Transitioning to greener tech like hydrogen is urgent but costly. Quote: “Reducing carbon emissions could become a competitive necessity as buyer sentiment evolves,” says Alistair Ramsay, Rystad Energy VP.
Read More News on Business News Malaysia
Read More News on Business News Malaysia
More Malaysian women in finance are pursuing entrepreneurship, strengthening SME growth, innovation, leadership diversity, and…
Partnership integrates Sandoz biosimilars into Alpro Pharmacy’s OncoHelp programme to support patients from government hospitals…
Dayang Enterprise's 1QFY26 net profit soared 140.8% year-on-year to RM22.2 million, driven by improved margins…
Telekom Malaysia's 1QFY26 net profit fell short of expectations, impacted by a 5G-related write-down and…
MM Computer Systems Bhd offers customized IT solutions and outsourcing services, serving diverse clients including…
Malaysian organizations are struggling with AI-driven cyber threats, fragmented systems and alert overload, accelerating demand…
This website uses cookies.